Our Services

With over 52 years of combined experience, Marco and Lina have had the opportunity through the years, to collaborate with larger accounting firms to provide specialist work in all areas of Taxation and Accounting.

It has been this approach that has equipped M. Palazzolo & Co with expertise in a variety of areas. Our expertise varies from the customisation of complex tax structures to the simple management of individual and corporate tax affairs.

Taxation


The Taxation System in Australia is in a changing and complex environment and drawing from our experience we can help you with your compliance needs and take advantage of tax strategies to legally minimize tax.

We aim to provide a complete package to include your personal, business and Superannuation Strategy.

  • Preparation and Lodgment of Income Tax Returns for all types of entities
  • Tax Planning
  • State and Federal Tax Advice

Accounting


Is a key element of your business tools.

“It’s not an art it’s a discipline” I remember this from my early days in accounting and I believe in some ways it is true, it is about accuracy and procedures and we have the expertise and experience to help you produce accurate financial representation of your business performance, this in return will pay big dividends to your business decision.

Timing is of essence in business and we can help in producing financial reports as often as you need them.

  • Financial Statements Preparation for all types of Entities
  • Budgeting and Cash Flows
  • Management Financial Statements

Bookkeeping


All businesses need to process transactions to ultimately produce financial records.

We know your time is extremely valuable and should be dedicated to manage and implement strategies to move the business in the direction you want.

We work closely with bookkeeping software providers to provide a full service from processing invoices to producing Business Activity Statement. We offer tailored packages to provide solutions that will help you manage your business.

  • Posting Invoices
  • Processing Payroll
  • Bank Reconciliation
  • PAYG Payment Summaries (Group Certificates)
  • Superannuation Reconciliation
  • Monthly Debtors Reports
  • Monthly Creditors Reports
  • Job Costing – Gross Profit and Loss Reports

Business Advice


With over 32 years in business we have seen business fail and succeed, inevitably one of the common factors of business failure is the inadequate administration of the business.

We can help you navigate the administration perils of business and provide you with sound business practice advice and strategies to succeed in your business.

SMSF Audit


We offer an independent SMSF audit service to other accounting practices. We offer a reliable service and quick turnaround with flat fee arrangements.

Business Structures


Operating within the right business structure is a must, different clients will have different circumstances and in today’s environment it is imperative that the business structure you operate within takes into account assets protection, tax planning opportunities and future growth.

We can implement a structure that suits your need and can deliver peace of mind.

We can set up:

  • Companies
  • Discretionary Trusts
  • Unit Trusts
  • Partnerships
  • Superannuation Funds

Superannuation


It goes without saying that Self Managed Superannuation Funds (SMSF) have been very popular in recent years with the changes made to legislation to make this form of retirement planning more accessible to all Australians.

It is an area that is extremely regulated and as such is imperative that clients understand the responsibilities associated with this type of structure.

Over the years we have seen more retirees take control of their nest egg and become more involved in managing their own fund.

With the event of SMSF being able to borrow to acquire assets, high non concessional contribution thresholds and tax free pensions over the age of 60 no wonder this has become attractive tax planning.

We can assist in all compliance and administration work to help you achieve your retirement goals.

  • SMSF Set Up
  • SMSF Administration
  • SMSF Compliance work

Financial Planning


With the event of SMSF growth in recent years Financial Planning has become an extremely important part of our client retirement strategy.

To this end we have partnered with financial planners to provide Financial Planning Services.

Ask Marco about this new and exciting service.

Finance


Palazzolo & Co has been working for years with our Brokers to ensure timely and constructive finance solutions.

As this is a key area of implementing tax strategies and business advice strategies Marco will work closely with the brokers to ensure the perfect outcome for our clients incorporating flexibility, low interest rates and the right loan products.